In the August issue of In These Times, David Moberg says that Ed Wolff calculated that the net worth of the bottom 40% of the population fell by 76.3%. Is that true? If so, I assume that it reflects the increase in debt. If that is true, then it would seem that a fairly small decline in economy could set off a wave of bankruptcies. Any comments? -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
